In the next five years, Austria´s fiscal shortfall may total up to € 40bn. The Austrian government did not disclose details yet.

At the moment, the two biggest parties SPÖ and ÖVP are still trying to form a government. Six weeks after the Austrian elections, the truth is covered up piece by piece. However, the total fiscal shortfall is not known to the full extent yet. In any case, Austrians face massive austerity cuts. It is also clear that the Austrian government has not published the fiscal difficulties…